Author: News Desk
https://youtu.be/O4I4Tnt32EQAnand Mahindra said he “truly felt undeserving” after receiving the Padma Bhushan award.He said he was undeserved for the prestigious award compared to other recipients.”I truly felt undeserving to be amongst their ranks,” he tweeted. He shared a pic of the President presenting the Padma Shri to Smt Tulsi Gowda for social work.Gowda belongs to the Halakki tribe and is reputed to be an “encyclopaedia of the forest”. Anand Mahindra was honoured with the award in the Trade and Industry domain.
https://youtu.be/wRV6vl-pAiYContent-to-commerce firm The Good Glamm Group has raised $150 mn.Investors Alteria Capital, L’Occitane and Amazon participated in Series D funding round.The company has additionally undertaken a secondary share sale worth $10 million.The Good Glamm Group is the 35th domestic company to turn unicorn in 2021.The company comprises a portfolio of proprietary beauty and personal care brands.These are marketed across a digital ecosystem of content, community and creator assets.Good Glam Group has an offline distribution channel across 30,000 retail points.
https://youtu.be/sGR17H-2to4Cryptocurrency is likely to attract both income tax and GST.A comprehensive Bill is expected to be introduced in the Parliament’s Winter Session.A media report said that the groundwork for the legislation on cryptos is getting readied.The intent to tax is expected to be mentioned in the legislation.And, then provisions will be added in Finance Bill to facilitate the imposition of direct tax.There is no clarity on whether cryptos are to be treated as currency or investment asset.It is highly unlikely to get the status of a currency .
https://youtu.be/25LqHfVGu5g Kamal Haasan will soon adopt metaverse, the first Indian to embrace it. Hassan also announced his entry to digital space through a non-fungible token (NFT). He said he is excited to explore the digital and physical world – metaverse. Haasan has partnered with Fantico, a digital platform, to launch NFT. Fantico will release an exclusive game-based metaverse for him. NFTs will be available to fans in the form of posters. Haasan will also have a personal museum in the metaverse.
https://youtu.be/qafj-RLh6oI Amazon has written to SEBI and the Ministry of Corporate Affairs on a serious matter. It has asked to withdraw the permission granted to Future Retail Limited (F.R.L). This is related to the $3.4 bn merger deal between Future Group and Reliance. The letter has also been sent to BSE Limited and the National Stock Exchange of India. The letter alleged that F.R.L and its promoters were able to induce many regulators to give permissions to FRL. This is done on the basis of misrepresentations made by FRL, and its promoters. The case centres on Amazon challenging FRL’s merger…
https://youtu.be/x1pE4PQGopITata group will have to take control of Air India by Jan 23, 2022.This is as per the share purchase agreement signed with the government last month.Comments were sought from Tata on preparations being made for this ownership transfer.Tata has so far not divulged their plans for AI like if it will be a mega airline or low-cost.The long stop date is the outer limit by when Talace has to take over AI.If there is a delay in fulfilling conditions, the date can be extended with mutual consent.Top govt officials are trying to ensure it happens soon.
https://youtu.be/MBY8A6lWVGU Zypp Electric, an EV Logistics Tech delivery startup, has built the first EV D2C business. It caters to a wide range of enterprises, including e-commerce companies. The company is aiming to achieve 100% electrification in last-mile logistics. It also intends to assist businesses from all sectors in becoming carbon emission-free. It currently has a fleet of 2,000+ electric scooters and does 500k deliveries each month. To achieve its mission of Zero Emissions, B2B electric scooter ‘Zypp Cargo,’ was launched. Zypp intends to grow its fleet to 1,00,000 EVs in two years. Zypp is also assisting its delivery riders in…
https://youtu.be/uWeGyqvKCvoTata Motors has made more money per car in the second quarter than Maruti Suzuki.Maruti Suzuki reported a 24 per cent drop in sales at 1,38,335 units in October.Tata posted a 31% year-on-year jump and a 16% month-on-month growth in total sales.The operating profit of Tata Motors per car climbed to Rs 45,810 in the second quarter.Tata Motors’ better results are due to huge demand momentum and flexibility.R&D activities also supported the gain.It rapidly rolled out re-engineered products relying on standard chipsets.Tata Motors market share climbed to 11.3 per cent in September 2021.Maruti’s market share has dipped due to a…
https://youtu.be/1c1RQfylDfsThe Indian space agency can recommend the perfect location to place up a solar energy farm. This is possible with the information gathered from its geostationary earth observation satellites.These satellites are inside and outside India, ISRO chairman K Sivan said.He added that the technology will be transferred to those who are interested.According to Sivan, the data transmitted by the satellites will be analysed by ISRO officials.An android application for the computation of solar energy potential has been developed.It can be used for the setting of photovoltaic panels for tapping solar energy. PM Modi had said that ISRO will present a solar calculator…
https://youtu.be/kIxC3zcYVlU42 firms were selected under the production linked incentive (PLI) scheme for white goods.”Some are Bluestar, Daikin, Havells, Orient Electric,” Dept for Promotion of Industry and Internal Trade said.52 companies had filed applications with committed investment of Rs 5,858 crore.After evaluation, 42 applicants with committed investment of Rs 4,614 crore were selected.PLI scheme had received the Union Cabinet approval in April. The scheme will be implemented over a seven-year period, starting FY22. Flexibility to choose the gestation period for applicants is either up to Mar 2022 or up to March 2023.26 selected applicants are for Air Conditioner manufacturing.This has committed investments of…